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Romania: 2021 Article IV Consultation-Press Release and Staff Report

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  • International Monetary Fund

Abstract

Among EU countries, Romania suffered a relatively shallow recession in the COVID-19 crisis, aided by macroeconomic easing. A strong recovery is projected in 2021. The new government is committed to balance continued pandemic-related support with the start of a medium-term fiscal consolidation trajectory that corrects pre-pandemic excesses, while implementing a range of structural reforms. These efforts, as well as the medium-term recovery, should be bolstered by large Next Generation EU grants.

Suggested Citation

  • International Monetary Fund, 2021. "Romania: 2021 Article IV Consultation-Press Release and Staff Report," IMF Staff Country Reports 2021/190, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2021/190
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